Tracking the longer-term indicators on shares of Newcrest Mining Ltd (NCMGY), we have noted that the 100-day moving average verse price signal is currently Buy. This is the signal from the 100-day MA which is used to gauge changes in stock price. The 100-day MA verse price direction is currently showing Weakening. Another longer-term signal we have been tracking is the 60-day commodity channel index. After a recent check, we have noted that the current signal is Hold. The CCI indicator is typically used to scope out overbought and oversold levels. The CCI signal direction is presently Falling.
With most types of investments, there is typically some level of risk. This is no different when dealing with the stock market. Investors have to decide how much risk is acceptable and plan accordingly. Many new stock market investors face the challenge of deciding where to begin. Following strategies that have proven to work in the past may be one way to go. Many investors will look to mimic the strategies of the most celebrated investors. Although this may be a good way to start, it may be necessary to fully understand every aspect that those successful investors examine. Blindly following trading plans without doing the proper research can lead to future trouble down the line if there is indeed a market shake-up.
Tracking some recent stock price action, we can see that Newcrest Mining Ltd (NCMGY) recently touched 23.52. Since the start of the trading session, the stock has hit a high of 23.73 and dropped to a low of 23.048. Market watchers will be closely following company shares into the second half of the year. Interested investors will be trying to figure out if the stock is building momentum or following any defined trends.
Checking out some other company technical data, we have noted that Newcrest Mining Ltd (NCMGY) currently has a 9 day raw stochastic value of 17.87%. This value (ranging from 0-100%) shows where the stock price closed relative to the price range over the specified period. Zooming in on another other raw stochastic time frame, we can see that the 50 day is 38.83%.
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Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. Some investors are only interested in buy and hold strategies, while others will opt to try and capitalize on short-term market movements. Investors may also decide to do a little bit of both. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time. Whichever way the investor decides to go, they should be prepared to complete all the research. Whether they want to study the fundamentals, technicals, or both, finding quality stocks may be at the forefront of the search.
Let’s take a look at some historical average volume information on shares of Newcrest Mining Ltd (NCMGY). Currently, the stock has a 1 month average volume of 62986. Investors may be trying to identify volume trends over time. Some investors may look for consistency, while others may be interested in strange activity. Looking at some more average volume numbers, the 20 day is 63685, and the 50 day average volume is noted as 44202.
Individual investors are constantly hearing about the next hot stock to buy. Acting purely on these types of tips can be hazardous to the portfolio if the research is not completed. Sometimes these stock tips will pan out and be correct, other times they can leave the investor wondering why they acted on the speculative advice. Even if a stock tip is correct, the results may have already been manifested and the investor would simply be getting in way too late. Knowing what information is reliable can drastically improve the chances of making smarter stock picks. Even the most praised stocks may not be able to withstand an overall market downturn.